TORONTO, ON – Danish brewing and beverage firm Royal Unibrew has introduced that it has entered an settlement to buy Toronto’s Amsterdam Brewery for an estimated $44 million.
“The acquisition we are doing today is very important for the future growth of Royal Unibrew in the Americas region,” mentioned CEO of Royal Unibrew, Lars Jensen, in a press release. “We are adding capacity in Canada, which is also close to our US business and over time we expect to serve most of Canada and partly US from Amsterdam Brewery Co. Ltd., which will reduce transportation costs and our CO2 footprint.”
Amsterdam Brewery was based in 1986 as a brewpub in downtown Toronto, and has moved and grown a number of instances within the years since. It at the moment operates a brewpub location on Toronto’s waterfront, a manufacturing brewery within the metropolis’s Leaside neighbourhood, and the Amsterdam Barrel House bar and restaurant close to the brewery.
Royal Unibrew owns a number of breweries and types in Denmark, with Faxe being the most effective recognized within the Canadian market. It additionally owns numerous Baltic Region breweries, and brews and markets Heineken in Denmark.
The buy is predicted shut by the top of Q3 2022 following customary closing preparations.
For extra particulars, see the total press launch, and information protection on CP24.
Source: CP24
Photo: Amsterdam Brewery
Denmark’s Royal Unibrew Buying Amsterdam Brewery for $44 Million – Canadian Beer News & More Latest News Update
Denmark’s Royal Unibrew Buying Amsterdam Brewery for $44 Million – Canadian Beer News & More Live News
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Denmark’s Royal Unibrew Buying Amsterdam Brewery for $44 Million – Canadian Beer News & More News Today
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